Pineapple Energy (PEGY) Regains Nasdaq Compliance

Pineapple Energy Inc. (Nasdaq: PEGY) has regained compliance with Nasdaq’s equity requirements.

Pineapple’s newly regained compliance relates to Listing Rule 5550(b)(1), also known commonly as the “Equity Rule,” which requires for companies listed on the Nasdaq Capital Market to maintain stockholders' equity of at least $2,500,000. As part of the issuance of compliance by Nasdaq, the Company will be subject to a Mandatory Panel Monitor for the period of one (1) year.

“Yet again, we’ve hit another key milestone on Pineapple’s path to success. Between regaining compliance with Nasdaq’s Bid Price listing requirements and now with the Equity Rule, we’re showing that we are taking our responsibilities to our trusted shareholders seriously,” Scott Maskin, Interim CEO of Pineapple Energy said.

Restoring compliance has been a top priority of Maskin’s management team since he assumed Pineapple’s top leadership role back in May of this year.

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